Savills Studley

Savills Studley
Subsidiary of Savills
Industry Real estate
Predecessor Studley, Inc.
Founded 1954 (1954)
Founder Julien J. Studley
Headquarters New York City
Key people
 Mitchell S. Steir, Chairman & CEO
Michael D. Colacino, President
Website www.savills-studley.com

Savills Studley is a company that represents tenants of commercial real estate. The company is a subsidiary of Savills, a British company.

History

The company was founded in 1954 by Julien J. Studley.[1]

On September 11, 2001; 2 employees were killed as a result of the 9/11 attacks on the World Trade Center.

In December 2002, Mitchell S. Steir led a group of 45 brokers to buy the company from Julien J. Studley.[2]

In March 2010, the company represented General Services Administration in its lease of One Constitution Square.[3]

In February 2011, the company acquired Gravitas Real Estate Resources.[4]

In February 2013, the company was engaged in a legal battle after two of its brokers left the company to join CBRE Group.[5]

In August 2013, the company represented Bechtel in negotiating a 565,916 square foot lease renewal and expansion in Houston, Texas.[6]

In 2014, the company was acquired by Savills for $280 million and the name of the company was changed to Savills Studley.[7][8][9][10]

In June 2015, the company represented the seller in the sale of the St. Gregory Hotel & Suites hotel in Washington, D.C. to Hersha Hospitality Trust for $57 million.[11]

In September 2015, along with CBRE Group and JLL, the company was selected to represent the General Services Administration on negotiating new leases.[12]

In November 2015, the company opened an office in Austin, Texas.[13]

In December 2015, the company acquired Real Facilities, based in Toronto.[14]

In January 2016, the company opened an office in Towson, Maryland.[15]

In February 2017, the company represented Amtrak in negotiating a new lease near Washington Union Station.[16]

References

  1. ↑ "SAVILLS STUDLEY". The Real Deal.
  2. ↑ Trainor, Tim (December 19, 2002). "Studley Completes Buyout to Brokers". CoStar Group.
  3. ↑ Plumb, Tierney (March 30, 2010). "GSA to take the rest of One Constitution Square". American City Business Journals.
  4. ↑ "Studley buys Gravitas Real Estate Resources". American City Business Journals. February 23, 2011.
  5. ↑ Sams, Douglas (February 22, 2013). "CBRE and Studley in court battle". American City Business Journals.
  6. ↑ Zucker, Shaina (August 13, 2013). "Bechtel Corp. renews lease, expands in Galleria office complex". American City Business Journals.
  7. ↑ Vincent, Roger (June 2, 2014). "Studley real estate brokerage merges with London-based giant Savills". Los Angeles Times.
  8. ↑ "Studley Purchase: Big Deal for Unusual Player". The Wall Street Journal. May 4, 2014. (subscription required)
  9. ↑ Fung, Amanda (May 5, 2014). "Details on Studley sale". Crain Communications.
  10. ↑ Sernovitz, Daniel J. (May 1, 2014). "Studley, D.C.'s largest tenant rep firm, to be sold to London's Savills". American City Business Journals.
  11. ↑ Sernovitz, Daniel J. (June 16, 2015). "Dupont Circle hotel sells for $57 million; new owner plans to upgrade restaurant, lobby". American City Business Journals.
  12. ↑ Sernovitz, Daniel J. (September 30, 2015). "Three firms picked to represent the GSA on D.C.-area leasing deals". American City Business Journals.
  13. ↑ Wilts, Alex (November 2, 2015). "Savills Studley opens on Congress Ave". American City Business Journals.
  14. ↑ Drummer, Randyl (December 14, 2015). "Savills Studley Enters Canada With Acquisition of Toronto-Based Firm". CoStar Group.
  15. ↑ Darrah, Samantha (January 19, 2016). "Savills Studley Opens New Office in Baltimore". CoStar Group.
  16. ↑ Sernovitz, Daniel J. (February 22, 2017). "Exclusive: Amtrak inks deal for new headquarters near Union Station". American City Business Journals.
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